The city's pension board will consider seven alternative scenarios Friday, with the annual pension payment rising to an all-time high of $527 million this year
New analysis says city assumptions on employee longevity, investment returns are sound; proposed slowdown to pension debt payoff to be discussed in January
Prospects dimmed Friday for $100 million in extra annual cash San Diego officials had been hoping to get by paying off nearly $3 billion in pension debt much more slowly. Actuary calls idea premature, not compelling; stresses large long-term interest costs
Major revamp to San Diego's pension payment could yield $100M a year for other priorities. City's pension board will consider this summer scrapping plan for high payments the next 12 years and replacing it with less aggressive methods for paying down nearly $3B debt